How can I pay the balance due on Form 941 using TaxZerone? 

Category: Employment Tax FormsGetting Started

When you e-file Form 941 with TaxZerone, you can choose from multiple IRS-approved payment options to pay your balance due. They are  1.Electronic Funds...

How to File a Zero Tax return on Form 941 Using TaxZerone? 

Category: Employment Tax FormsGetting Started

If your business hasn’t paid any wages or withheld federal taxes during the quarter, the IRS requires you to file Form 941 to stay compliant. This is known...

How to complete IRS Form 941 for the Tax Year 2025?

Category: Employment Tax Forms

As we step into 2025, it’s important for employers to start thinking of filing their quarterly employment tax returns. One of the key forms required is Form...

I’m a new business owner. Do I need to file Form 940?

Category: Employment Tax FormsFAQ

Yes, if you pay wages to employees, regardless of your business size or age, you must file Form 940 once your total paid wages for the year exceed $7,000...

What is the FUTA tax rate for Form 940?

Category: Employment Tax FormsFAQ

The standard FUTA tax rate is 6%, but employers may receive a credit of up to 5.4% for state unemployment taxes, resulting in a net FUTA tax rate of 0.6%....

When is the due date for Form 940?

Category: Employment Tax FormsFAQ

The due date for Form 940 is January 31st of the following year.  However, if taxes were deposited in full and on time, the deadline can be extended to...

What is IRS Form 940 used for?

Category: Employment Tax FormsFAQ

Form 940, also known as the Employer’s Annual Federal Unemployment (FUTA) Tax Return, is used by employers to report and pay their annual federal...

I’m a new business owner. Do I need to file Form 941?

Category: Employment Tax FormsFAQ

Yes, if you pay wages to employees, regardless of your business size or age, you must file Form 941 quarterly....

How can I correct errors on a previously filed Form 941?

Category: Employment Tax FormsFAQ

Errors can be corrected by filing Form 941-X, the Adjusted Employer’s Quarterly Federal Tax Return or Claim for Refund, providing accurate details and...

What information is required to complete Form 941?

Category: Employment Tax FormsFAQ

You will need your business information (name, EIN, address), total wages paid, federal income tax withheld, Social Security and Medicare taxes withheld,...

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